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Month: July 2019

Myanmar investment internet CDC

CDC makes its first direct equity investment in Myanmar, backing Frontiir

News / By

UK development finance institution CDC announced its first direct equity investment of $30 million in Myanmar with Frontiir Co. Ltd, the country’s leading internet service provider. The investment is aimed at supporting Frontiir’s plans to expand internet coverage to 22 lower-income townships in Yangon and Mandalay by 2022, and create job openings for an estimated …

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Foreign investment manufacturing

Myanmar investment inflows double from China as deals surge

Investment / By

With investment inflow from China and Singapore doubling, foreign investment in Myanmar is showing signs of recovery. In value terms, Chinese and Hong Kong investment in Myanmar grew 150% to $590 million. Approved foreign investments rose 79% on the year for the six months ended in June, totalling $2.35 billion, according to Myanmar’s Directorate of …

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